Robinhood is opening its new Ethereum layer-2 network to outside developers, marking a notable step in the company’s broader push into decentralized finance. Alongside that move, the brokerage has launched a public testnet for Robinhood Chain, giving developers a chance to trial applications…
Bitmine adds $83.6 million in ETH as treasury strategy continues
Bitmine Immersion Technologies expanded its Ethereum position on Monday, adding tens of thousands of ether to its already substantial holdings. The move underscores the company’s ongoing strategy to increase its exposure to Ethereum even as prices remain far below their peak. Data…
How did $73 million crypto fraud lead to a 20 year sentence?
A U.S. federal court has imposed a 20-year prison sentence on the organizer of a $73 million crypto fraud scheme, even though he remains at large. The case centers on Daren Li, a dual citizen of China and St. Kitts…
Tom Lee says Ethereum may rebound as holders keep buying
Ethereum is back in focus as Bitmine Chair Tom Lee forecasts a sharp rebound after a deep price slump. The second-largest cryptocurrency by market value has retreated about 60% from its peak and dropped roughly 35% in the past month…
Did Bitcoin ETFs take in $616M as bitcoin neared $70K now?
U.S. bitcoin ETFs have broken a nearly month-long pattern of steady redemptions, signaling a shift in sentiment toward the cryptocurrency. After weeks of investor outflows that began in mid-January, spot funds tracking bitcoin posted back-to-back inflows for the first time in almost four weeks,…
Will Bitcoin hold $68K to $72K after dip near $60K again?
Bitcoin traded below $70,000 during Asian hours on Tuesday, giving back part of a recent rebound from lows near $60,000. The world’s largest cryptocurrency has struggled to maintain upward momentum as traders turn wary ahead of key U.S. economic releases. At the same time,…
Did signature phishing rise 207% as January losses hit $6M?
Blockchain security firm Scam Sniffer has reported a sharp resurgence in signature phishing, warning that attackers drained $6.27 million from 4,700 wallets in January alone. The figure represents a 207% jump in losses compared with December, and stands out against…
Bitcoin miner Cango moved $305M from BTC into AI compute
Bitcoin miner Cango has sold a substantial portion of its digital asset holdings as it reshapes its strategy around artificial intelligence infrastructure. Over a single weekend, the company disposed of thousands of bitcoins, raised hundreds of millions of dollars in…
Will crypto ETP flows stabilize after $187 million weekly exit?
Crypto ETP markets are showing signs of stabilizing after weeks of heavy selling, as outflows slowed while trading activity reached new highs. Data from CoinShares and other industry trackers indicate that investors continued to pull money from crypto exchange-traded products,…
Will South Korea tighten crypto rules after $40bn Bithumb slip?
South Korea is moving toward stricter oversight of digital assets after a major mishap at local cryptocurrency exchange Bithumb exposed weaknesses in trading systems and regulatory safeguards. The Financial Supervisory Service (FSS) and other authorities are using the incident, which involved an…